Blue Trust Inc. Has $246,000 Stake in FedEx Co. (NYSE:FDX)

Blue Trust Inc. grew its holdings in FedEx Co. (NYSE:FDX) by 104.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 850 shares of the shipping service provider’s stock after buying an additional 435 shares during the quarter. Blue Trust Inc.’s holdings in FedEx were worth $246,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Scarborough Advisors LLC acquired a new position in FedEx during the 4th quarter worth $25,000. Fortis Group Advisors LLC grew its holdings in FedEx by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 100 shares of the shipping service provider’s stock worth $25,000 after acquiring an additional 50 shares during the period. Private Wealth Management Group LLC acquired a new position in shares of FedEx in the 4th quarter valued at $28,000. Tennessee Valley Asset Management Partners bought a new stake in FedEx in the fourth quarter valued at about $31,000. Finally, Sachetta LLC bought a new position in FedEx during the fourth quarter worth about $32,000. 84.47% of the stock is owned by institutional investors.

Insider Transactions at FedEx

In related news, CAO Guy M. Erwin II sold 116 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $299.24, for a total value of $34,711.84. Following the completion of the transaction, the chief accounting officer now directly owns 930 shares of the company’s stock, valued at $278,293.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Guy M. Erwin II sold 116 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $299.24, for a total value of $34,711.84. Following the completion of the sale, the chief accounting officer now directly owns 930 shares in the company, valued at approximately $278,293.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sriram Krishnasamy sold 8,421 shares of FedEx stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $310.14, for a total value of $2,611,688.94. Following the transaction, the chief executive officer now owns 12,246 shares of the company’s stock, valued at approximately $3,797,974.44. The disclosure for this sale can be found here. Insiders have sold a total of 32,944 shares of company stock worth $9,882,355 in the last 90 days. Corporate insiders own 8.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FDX shares. Wells Fargo & Company upped their price target on FedEx from $275.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 26th. StockNews.com raised shares of FedEx from a “buy” rating to a “strong-buy” rating in a research note on Friday. Oppenheimer reissued a “market perform” rating on shares of FedEx in a research report on Wednesday, June 26th. The Goldman Sachs Group boosted their price target on shares of FedEx from $316.00 to $333.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, Stephens reaffirmed an “overweight” rating and set a $325.00 price objective on shares of FedEx in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $314.00.

FedEx Stock Performance

Shares of FDX opened at $285.40 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.32 and a debt-to-equity ratio of 0.73. FedEx Co. has a 12 month low of $224.69 and a 12 month high of $313.84. The firm has a fifty day simple moving average of $284.45 and a 200 day simple moving average of $266.71. The stock has a market capitalization of $70.23 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.08 and a beta of 1.18.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, June 25th. The shipping service provider reported $5.41 EPS for the quarter, topping analysts’ consensus estimates of $5.34 by $0.07. The company had revenue of $22.11 billion during the quarter, compared to the consensus estimate of $22.04 billion. FedEx had a net margin of 4.94% and a return on equity of 16.70%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $4.94 EPS. Research analysts forecast that FedEx Co. will post 20.94 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Monday, September 9th. FedEx’s dividend payout ratio (DPR) is 32.04%.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.